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2 0 2 5 , the controller of the Green Company discovered that 2 0 2 4 depreciation expense was overstated by $ 4 0

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2025, the controller of the Green Company discovered that 2024 depreciation expense was overstated by $40,000, a material amount. Assuming an income tax rate of 25%, the prior period adjustment to 2025 beginnings retained would be:
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